Consider the following statements regarding the World Trade Organization:
1) The WTO Appellate body is an ad hoc body which tries to resolve disputes between countries.
2) The MFN mechanism under the WTO regime discourages discrimination between trading partners of a country.
Which of the following statements is/are correct?1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2